Travelers Companies (NYSE:TRV) Price Target Cut to $220.00

Travelers Companies (NYSE:TRV) had its target price dropped by equities researchers at Morgan Stanley from $223.00 to $220.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 5.31% from the company’s current price.

A number of other research firms have also issued reports on TRV. Citigroup reiterated a “sell” rating and issued a $200.00 target price (down from $226.00) on shares of Travelers Companies in a report on Friday, June 28th. Piper Sandler reiterated a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. HSBC lifted their target price on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. The Goldman Sachs Group lifted their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Finally, TD Cowen decreased their target price on Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $221.89.

Travelers Companies Trading Up 0.8 %

Shares of NYSE TRV opened at $208.91 on Wednesday. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $210.82 and a 200-day simple moving average of $212.58. The stock has a market capitalization of $47.84 billion, a PE ratio of 15.52, a PEG ratio of 1.09 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the previous year, the firm posted $4.11 earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts forecast that Travelers Companies will post 17.44 earnings per share for the current year.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 in the last quarter. Company insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC acquired a new position in Travelers Companies during the 1st quarter worth approximately $35,000. Beacon Capital Management LLC increased its position in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Northwest Financial Advisors acquired a new position in Travelers Companies during the 4th quarter worth approximately $32,000. Opal Wealth Advisors LLC acquired a new position in Travelers Companies during the 1st quarter worth approximately $42,000. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies during the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.